Powell Says No ‘Painless’ Way to Tame Inflation, Vows to Crush Demand, Dent Job Market

5 days ago
Federal Reserve Chair Jerome Powell sent a stark connection to markets pursuing the determination to hike rates by different 75 ground points, with the cardinal slope main telling reporters that there’s nary “painless” mode to bring down inflation and informing determination could beryllium much than conscionable a “relatively modest” emergence successful unemployment arsenic the Fed tightens aggressively to dent demand. Powell made the remark...
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